Stock market live updates: The Indian equity markets returned to their winning ways after a day’s hiatus, with the headline indices trading half a per cent higher and the MidCap index hitting their fresh lifetime highs, on the back of broad-based buying, in Thursday’s early deals.
The S&P BSE Sensex was trading 250 points, or half a per cent, up at 48,420 levels. The broader Nifty50 index was also holding above the 14,220-mark, after hitting a fresh all-time high of 14,256 in early deals. IndusInd Bank and Axis Bank (both up 2%) were the lead Sensex gainers, followed by State Bank of India, Larsen & Toubro, ICICI Bank, and Mahindra & Mahindra (all up 1% each).
All the Nifty sectoral indices were trading in the green. Realty stocks were ruling higher after the Maharashtra government approved the proposal to cut the premium on real estate projects by half till December 31, 2021. As a result, Nifty Realty index surged 3 per cent and was the top Nifty sectoral gainer.
Meanwhile, Nifty Bank index crossed 32,000 for the first time since January 15, 2020.
In the broader markets, the S&P BSE MidCap also hit a record high of 18,955, and was trading 1 per cent higher. The SmallCap index also gained 1.17 per cent.